Rancho Santa Margarita - Week of August 18th, 2014
Single Family Homes
This WeekThe median list price in RANCHO SANTA MARGARITA, CA this week is $669,900. The 83 properties have been on the market for an average of 49 days.
Supply and DemandThe market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we're in the Seller's zone. Watch for changes in MAI. If the MAI resumes it's climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices.
The market appears to be hovering around these current levels. The Market Action Index is a good leading indicator for the durability of this trend.
Inventory of Properties Listed for Sale
Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
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Data Provided by and Copyright Altos Research LLC